Maryland Counties

Data

Units Sold

2021 - 2022 Comparison

% Change in Units Sold

Units Pending

Pending: Now that the seller and the buyer have agreed to each other’s terms and all contingencies have been met, the home is marked as pending and taken off the market

Units Pending: Number of houses that reached pending status

2021 - 2022 Comparison

% Change in Units Pending

Active Inventory

The inventory number is calculated by simply taking a count of the properties marked as active on the last day of the month

2021 - 2022 Comparison

% Change in Active Inventory

Average Sale Price

2021 - 2022 Comparison

% Change in Average Sale Price

Median Sale Price

2021 - 2022 Comparison

% Change in Median Sale Price

Median Days on Market

Median DOM: 50% of the houses had active status below this number of days and 50% of the houses had active status above this number of days.

2021 - 2022 Comparison

% Change in Median Days on Market

Months of Inventory

Months of Inventory (MOI) is the relationship of sales pace to the number of properties currently on the market if no additional homes were added to the supply. It is calculated by determining the number of homes sold per month and dividing by the total number of properties for sale on the last day of the month.

2021 - 2022 Comparison

% Change in Months of Inventory

New Listings

Homes first placed on the market during a given period.

2021 - 2022 Comparison

% Change in New Listings

Conclusions

  • Maryland consists of 23 counties and Baltimore City. Altogether 24 regions
  • Units sold is up in 3/24 regions. All three counties are in Chesapeake Bay Area
    • The range of % Change in Units Sold: -40% (Garrett) - 10% (Somerset)
  • Units pending is also only up in 5/24 regions
  • Active Inventory is down in all but Dorchester County
  • Average Sale Price is up in 21/24 regions
    • The range of % Change in Average Sale Price: -10% (Allegany) - 40% (Talbot)
  • Median Sale Price is up in 22/24 regions
    • The range of % Change in Median Sale Price: -5% (Kent) - 35% (Caroline)
  • Median Days on Market was unchanged for most regions. For 4/24 regions median DOM increased and for 6/24 regions it decreased
  • Months of Inventory is only up in 2/24 regions
  • New Listings is down in 20/24 regions
    • The range of % Change in new listings: -30% (Kent) - 10% (Caroline)

Montgomery County trend: January 2022 - April 2022

Units Sold

% Change in Units Sold

Units Pending

% Change in Units Pending

Median Sale Price

% Change in Median Sale Price

Average Sale Price

% Change in Average Sale Price

Median Days on Market

% Change in Median Days on Market

Months of Inventory

% Change in Months of Inventory

Active Inventory

% Change in Active Inventory

New Listings

% Change in New Listings

Conclusions: Montgomery County

  • Units sold is down through January - April
    • % Change in units sold doesn’t show a consistent pattern
  • Units pending is also down through January - April
    • Difference was below 3% in February and except for that every other month YoY units pending is down more than 10%
  • Median sale price in January 2022 was below that of January 2021; However, from Febaury - April 2022 prices ar higher than that of 2021
    • YoY Change in median sale price went from around 3% in February to around 9% in April
  • Average Sale Price shows similar pattern as median sale price
    • However YoY change is around 4 - 5%
  • Median DOM was higher in January 2022 compared to January 2021. From February - April there was no difference in median DOM between 2021 and 2022
  • 2022 months of inventory is below 2021 level; However, it has been improving every single month
    • In January the difference was -50% but in April it is 37%
  • 2022 active inventory is also down compared to 2021 levels. However, it is also improving every single month
    • In January the YoY % difference was -50% but in April the YoY % difference was -30%
  • New Listings has been down every month except for in February; However, new listings in January was down 25% but in April it is only down 14%